Nizhny Novgorod Region

Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: 0.23, Rank 2 of 64

Nov 2020
Trade
Exports | Imports
: $436M | $280M, 13 of 85 | 12 of 84

Nov 2020
Country
Destination | Origin
: Bangladesh | China , $146M  | $51.7M

Nov 2020
Product
Exports | Imports
: Electric Motors | Metal-Rolling Mills , $83.6M  | $21.1M

Overview: This page contains the latest international trade data for NIZHNY NOVGOROD REGION, including export and import data.

Exports: In 2020, Russia's Nizhny Novgorod Region exported $3.56B, making it the 15th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Nizhny Novgorod Region were Petroleum spirit for motor vehicles ($258M), Light petroleum distillates nes ($248M), Iron ore, concentrate, not iron pyrites,... ($174M), Printed reading books, except dictionaries etc ($127M), and Sunflower-seed or safflower oil, crude ($119M).

Imports: In 2020, Russia's Nizhny Novgorod Region imported $2.38B, making it the 11th largest importer out of the 85 importers in Russia. In 2020 top imports of Nizhny Novgorod Region were Machinery for treatment by temperature change... ($143M), Medicaments nes, in dosage ($99.6M), Mixed odoriferous substances - food &... ($65.8M), Parts of seats ($61.3M), and Tube mills, metal rolling ($60.9M).

Economic Complexity: In 2019, the highest complexity exports of Nizhny Novgorod Region according to the product complexity index (PCI) are Blank Audio Media (1.74), Other Organo-Inorganic Compounds (1.56), Other Heating Machinery (1.27), Navigation Equipment (1.21), and Thermostats (1.21). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between NIZHNY NOVGOROD REGION's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.

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Yearly Exports

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Depth

Top Destination (2020): Belarus, $464M

Top Product (2020): Petroleum spirit for motor vehicles, $258M

In 2020 the top export destinations of Nizhny Novgorod Region were Belarus ($464M), Bangladesh ($422M), India ($355M), Ukraine ($304M), and China ($289M).

In 2020 the top exports of Nizhny Novgorod Region were Petroleum spirit for motor vehicles ($258M), Light petroleum distillates nes ($248M), Iron ore, concentrate, not iron pyrites,... ($174M), Printed reading books, except dictionaries etc ($127M), and Sunflower-seed or safflower oil, crude ($119M).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Depth

Top Origin (2020): China, $366M

Top Import (2020): Machinery for treatment by temperature change..., $143M

In 2020 the top import origins of Nizhny Novgorod Region were China ($366M), Germany ($313M), Italy ($223M), France ($161M), and Belarus ($160M).

In 2020 the top imports of Nizhny Novgorod Region were Machinery for treatment by temperature change... ($143M), Medicaments nes, in dosage ($99.6M), Mixed odoriferous substances - food &... ($65.8M), Parts of seats ($61.3M), and Tube mills, metal rolling ($60.9M).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

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Economic Complexity of Russia

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Nizhny Novgorod Region ranks 2nd out of the 85 districts in Russia according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Nizhny Novgorod Region it is in position 2nd considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Nizhny Novgorod Region already has a comparative advantage, are led by Ammonia (0.14), Petroleum Coke (0.14), Spark-Ignition Engines (0.13), Rock Wool (0.13), and Petroleum Gas (0.13).

Most Complex Products by PCI

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The highest complexity exports of Nizhny Novgorod Region according to the product complexity index (PCI) are Blank Audio Media (1.74), Other Organo-Inorganic Compounds (1.56), Other Heating Machinery (1.27), Navigation Equipment (1.21), and Thermostats (1.21). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Cyanides (138), Hydraulic Brake Fluid (87.3), Nuclear Reactors (83.2), Antifreeze (68.6), and Seed Oils (48.6).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Nizhny Novgorod Region is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Nizhny Novgorod Region. These are products that tend to be co-exported with the products that Nizhny Novgorod Region exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.